River Road Asset Management LLC Sells 35,109 Shares of KKR & Co. Inc. (NYSE:KKR)

River Road Asset Management LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,225 shares of the asset manager's stock after selling 35,109 shares during the period. River Road Asset Management LLC owned 0.06% of KKR & Co. Inc. worth $42,521,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in KKR & Co. Inc. by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,181 shares of the asset manager's stock valued at $18,739,000 after purchasing an additional 15,476 shares during the period. Wealth Alliance acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $301,000. Cookson Peirce & Co. Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $9,636,000. United Asset Strategies Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,829,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of KKR & Co. Inc. by 20.8% in the fourth quarter. Mackenzie Financial Corp now owns 31,631 shares of the asset manager's stock valued at $2,621,000 after buying an additional 5,441 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. TD Cowen upped their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Finally, Barclays boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.64.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares of the company's stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $1.66 on Wednesday, hitting $94.63. 2,329,493 shares of the stock were exchanged, compared to its average volume of 3,433,139. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The business's fifty day moving average is $97.76 and its 200 day moving average is $81.60. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a market capitalization of $83.75 billion, a PE ratio of 23.19, a P/E/G ratio of 0.86 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. Research analysts anticipate that KKR & Co. Inc. will post 4.26 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 16.18%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.